CSM Management: Calculate and monitor the Contractual Service Margin (CSM), ensuring the correct deferral and release of profit over the coverage period.
Executed IFRS 17 Gross-to-Ceded reconciliations, ensuring alignment of BECF premiums, claims, and commissions with treaty terms and conditions to enhance reporting accuracy.
Loss Component Tracking: Identify and report on onerous contracts, ensuring immediate loss recognition in the P&L as per IFRS 17 mandates.
Dual-Reporting Reconciliation: Perform complex reconciliations between IFRS 17, US GAAP to identify and explain reporting gaps.
Streamlined transition of IFRS 17 from 'Project' to 'Business-as-Usual' by standardizing monthly closing checklists and SOPs, improving consistency in financial reporting.
TAT Management: Improve Turnaround Time (TAT) for quarterly reporting by utilizing Advanced Excel and Stargate to handle large-scale data sets more efficiently.
Systems Integration: Act as a functional expert for Analysis for Excel and SAP Applications to ensure data flows correctly from source systems to financial reports.
Variance Analysis: Prepare detailed Analysis of Change (AoC) reports for senior management, explaining the drivers behind movements in the CSM and insurance service results.
Acted as primary liaison for internal and external auditors on IFRS 17 methodology, ensuring data integrity and compliance with internal controls.
Cross-Functional Liaison: Partner with Underwriting, Actuarial, and IT teams to resolve data discrepancies and incident management tickets.
Reinsurance
Analyst – Financial reporting - Insurance
ACCENTURE -AIG
Bangalore
12.2021 - 12.2023
Prepared annual financial statements for subsidiary entity for year ending 2021/22, ensuring compliance with IFRS using Excel.
Prepared annual forecasts and budgets for Life Insurance and Annuity programs, ensuring alignment with organizational financial goals.
Reviewed and analyzed deferred acquisition costs for accurate amortization, contributing to financial reporting integrity.
Led the financial review meeting of the subsidiary legal entity for the quarter, providing commentary on both IFRS and US GAAP.
Liaised with multiple teams to gather information for comprehensive financial analysis, enhancing data accuracy.
Reconciled technical financial figures, including premiums and commissions, to ensure accuracy in management reporting. (Premiums, commission, UEPR and NLI) for Management reporting and ensuring that the balances in all the system interfaces are matching.
Performed variance analysis between IFRS and US GAAP to ensure alignment of numbers.
Conducted monthly control checks on the trial balance for the balance sheet and profit & loss items.
Preparing Notes to Financials and other schedules such as Cash Flow, All Fair Value, DAC.
Timely resolution of audit engagement queries, preventing overrun fees for the entity.
Finance Associate – Cash management and Accounting
AXA-XL, a division of AXA
Bangalore
12.2017 - 12.2021
Forecasted cash flow for various entities, enabling timely funding for claim payouts.
Processed 80+ bank wire transfers in a single business day, facilitating timely transactions and contributing to significant discounts on claims.
Conducted bank reconciliations for check-in and concentration accounts, resulting in a 50% reduction of open items through regular follow-ups.
Posted bank-related transactions, including check cancellations and intercompany investment transfers, ensuring accurate financial records.
Perform month-end FX revaluations, rate validations, and related business controls to ensure accuracy of Treasury entity results.
Ensured compliance with US GAAP and SOX by executing controls and maintaining audit-ready documentation.
Utilized various bank portals for transaction management and account monitoring, such as Wells Fargo, JPMC, Citibank, HSBC, and TMS tools.
Audit Assistant
RAO & BASRI CHARTERED ACCOUNTANTS
Mangalore
09.2014 - 09.2017
Prepared balance sheets and P&L statements using Excel in compliance with statutory requirements, ensuring accuracy for financial reporting.
Reviewed and recommended improvements to accounting systems and controls through audits of various branches across southern India, enhancing regulatory compliance.
Participated in audits of multistate cooperative societies, charitable trusts, nationalized banks, and manufacturing industries, contributing to comprehensive financial assessments.
Education
MBA - Specialized in Finance
IGNOU
Bangalore
06-2022
B.COM - Specialized in Taxation & Securities Portfolio Analysis
ST. ALOYSIUS AUTONOMOUS COLLEGE
Mangalore
06-2014
PRE-UNIVERSITY EDUCATION - Commerce, Specialized in Basic Math’s & Statistics
St. Aloysius College
Mangalore
05-2011
Reinsurance Professional - Fundermental
Swiss Re Institute
Zurich
Skills
IFRS 17 compliance
Financial reconciliation
CSM management
Advanced Excel
Variance analysis
Financial reporting
Cross-functional collaboration
Effective communication
Cash flow forecasting
Data accuracy assurance
Systems integration
Process improvement
Audit liaison
Financial forecasting
Personal Information
Date of Birth: 08/28/93
Marital Status: Single
Languages
English
Hindi
Kannada
Tulu
Konkani
Hobbies and Interests
Reading Books
Listening to podcasts
Participating in marathon run
Timeline
Associate – Global finance ops & Transformation
Swiss Re
12.2023 - Current
Analyst – Financial reporting - Insurance
ACCENTURE -AIG
12.2021 - 12.2023
Finance Associate – Cash management and Accounting
AXA-XL, a division of AXA
12.2017 - 12.2021
Audit Assistant
RAO & BASRI CHARTERED ACCOUNTANTS
09.2014 - 09.2017
MBA - Specialized in Finance
IGNOU
B.COM - Specialized in Taxation & Securities Portfolio Analysis
ST. ALOYSIUS AUTONOMOUS COLLEGE
PRE-UNIVERSITY EDUCATION - Commerce, Specialized in Basic Math’s & Statistics
<ul><li>Company Overview: Group Company of PUIG, Spain</li><li>Team Leadership & Process Excellence: Organised the transformation of the Finance & Accounts function, establishing performance-driven goals, and embedding a culture of accountability and continuous improvement. Drove operational efficiency through process redesigns, SOP implementation and optimal resource deployment, leading to measurable improvements in turnaround time and accuracy.</li><li>Strategic Partnering with CXOs: Acted as a key advisor to the CEO, CFO, and other CXOs on business planning, pricing strategies, and business model pivots to support scale-up and profitability. Contributed to investor communications with data-backed insights to enhance stakeholder confidence and secure strategic funding.</li><li>Cross-Functional & Global Stakeholder Management: Functioned as the strategic finance business partner to cross-functional heads and the PUIG global finance team, aligning local execution with global financial strategies and compliance requirements.</li><li>ERP Transformation & System Automation: Led end-to-end ERP reimplementation to address system gaps, enforce role-based controls, and automate core finance processes—resulting in enhanced data accuracy, faster reporting and improved internal controls.</li><li>Costing, Inventory & Profitability Optimization: Designed and implemented plant-level costing models to ensure accurate COGS determination. Improved inventory management across pricing, consumption tracking, and aging analysis—enabling better working capital control and cost efficiency.</li><li>Manufacturing Finance & Statutory Compliance: Supervised end-to-end accounting for manufacturing operations and ensured full statutory compliance.</li><li>Financial Reporting, MIS & Profitability Analytics: Delivered accurate and timely monthly MIS reports, including P&L, Balance Sheet and KPI dashboards with deep-dive variance analysis across stores, business verticals, and geographies. Supported board-level decision-making through insightful presentations on financial health and business performance.</li><li>Budgeting, Forecasting & Business Planning: Led the Annual Operating Plan (AOP) and rolling forecasts, ensuring alignment with strategic objectives and market dynamics. Monitored key financial metrics to enable business decisions and proactive cost management.</li><li>Statutory, Internal & Tax Audit Management: Finalized standalone and consolidated financials under Ind AS and IFRS, ensured timely group reporting and compliance with international standards. Delivered clean and timely closures of statutory, tax, and internal audits in coordination with Big 4 auditors. Strengthened audit readiness through pre-audit diagnostics and rectification of recurring control gaps.</li><li>Regulatory Compliance & Risk Management: Ensured end-to-end compliance which includes ROC, RBI, FEMA, Income Tax, GST, Transfer Pricing, DTAA, and Customs. Reviewed cross-border contracts and transactions to ensure arm’s length pricing, accurate TDS application, and proper documentation under Transfer Pricing regulations.</li><li>Commercial Negotiation & Contract Governance: Led commercial negotiations and structured deals with vendors and franchisees. Reviewed key business contracts to ensure financial viability, risk protection, and compliance with regulatory standards.</li><li>Treasury & External Commercial Borrowing (ECB): Managed fund planning and liquidity management including ECB drawdowns, bank negotiations, and interest optimization. Improved working capital cycles through proactive cash flow forecasting and receivables control.</li><li>Internal Controls & Governance Framework: Led organization-wide reviews of internal control systems, identified process gaps, and redesigned or implemented over 40 SOPs and IFCs. Established a governance structure for financial discipline, risk mitigation, and policy compliance across departments.</li></ul> at Kama Ayurveda Pvt. Ltd. & PUIG India Pvt. Ltd.<ul><li>Company Overview: Group Company of PUIG, Spain</li><li>Team Leadership & Process Excellence: Organised the transformation of the Finance & Accounts function, establishing performance-driven goals, and embedding a culture of accountability and continuous improvement. Drove operational efficiency through process redesigns, SOP implementation and optimal resource deployment, leading to measurable improvements in turnaround time and accuracy.</li><li>Strategic Partnering with CXOs: Acted as a key advisor to the CEO, CFO, and other CXOs on business planning, pricing strategies, and business model pivots to support scale-up and profitability. Contributed to investor communications with data-backed insights to enhance stakeholder confidence and secure strategic funding.</li><li>Cross-Functional & Global Stakeholder Management: Functioned as the strategic finance business partner to cross-functional heads and the PUIG global finance team, aligning local execution with global financial strategies and compliance requirements.</li><li>ERP Transformation & System Automation: Led end-to-end ERP reimplementation to address system gaps, enforce role-based controls, and automate core finance processes—resulting in enhanced data accuracy, faster reporting and improved internal controls.</li><li>Costing, Inventory & Profitability Optimization: Designed and implemented plant-level costing models to ensure accurate COGS determination. Improved inventory management across pricing, consumption tracking, and aging analysis—enabling better working capital control and cost efficiency.</li><li>Manufacturing Finance & Statutory Compliance: Supervised end-to-end accounting for manufacturing operations and ensured full statutory compliance.</li><li>Financial Reporting, MIS & Profitability Analytics: Delivered accurate and timely monthly MIS reports, including P&L, Balance Sheet and KPI dashboards with deep-dive variance analysis across stores, business verticals, and geographies. Supported board-level decision-making through insightful presentations on financial health and business performance.</li><li>Budgeting, Forecasting & Business Planning: Led the Annual Operating Plan (AOP) and rolling forecasts, ensuring alignment with strategic objectives and market dynamics. Monitored key financial metrics to enable business decisions and proactive cost management.</li><li>Statutory, Internal & Tax Audit Management: Finalized standalone and consolidated financials under Ind AS and IFRS, ensured timely group reporting and compliance with international standards. Delivered clean and timely closures of statutory, tax, and internal audits in coordination with Big 4 auditors. Strengthened audit readiness through pre-audit diagnostics and rectification of recurring control gaps.</li><li>Regulatory Compliance & Risk Management: Ensured end-to-end compliance which includes ROC, RBI, FEMA, Income Tax, GST, Transfer Pricing, DTAA, and Customs. Reviewed cross-border contracts and transactions to ensure arm’s length pricing, accurate TDS application, and proper documentation under Transfer Pricing regulations.</li><li>Commercial Negotiation & Contract Governance: Led commercial negotiations and structured deals with vendors and franchisees. Reviewed key business contracts to ensure financial viability, risk protection, and compliance with regulatory standards.</li><li>Treasury & External Commercial Borrowing (ECB): Managed fund planning and liquidity management including ECB drawdowns, bank negotiations, and interest optimization. Improved working capital cycles through proactive cash flow forecasting and receivables control.</li><li>Internal Controls & Governance Framework: Led organization-wide reviews of internal control systems, identified process gaps, and redesigned or implemented over 40 SOPs and IFCs. Established a governance structure for financial discipline, risk mitigation, and policy compliance across departments.</li></ul> at Kama Ayurveda Pvt. Ltd. & PUIG India Pvt. Ltd.